Plant acquisitions for selected companies are presented below.

Monty Inc. acquired land, buildings, and equipment from a bankrupt company, for a lump$-$sum price of $$770,000.$ At the time of purchase, the assets had the following book and appraisal values.

$\backslash$table$[[,$Book Values,$\backslash$table$[[$Appraisal$],[$Values$]]],[$Land$,$$$220,000,$$$330,000$